Good Morning Folks!!! Ever heard of Dollar Shave Club? These guys turned razors into a subscription sensation! Mike Dubin’s viral video in 2012 was a game-changer, making grooming hilarious and affordable. With cheeky marketing and unbeatable prices, they shaved off the competition, leading to a $1 billion Unilever buyout. Smooth move, right?

ECONOMY
RBI Drops a ₹2.11 Lakh Crore Bombshell!

One Liner: RBI's making it rain with a record-breaking ₹2.11 lakh crore dividend for the government, smashing previous records and boosting fiscal mojo 💸🚀.

The RBI just approved a jaw-dropping ₹2.11 lakh crore dividend to the government, the highest ever! This financial boon, decided in the 608th board meeting, aims to tackle the fiscal deficit head-on. Previously, the RBI’s biggest payout was ₹1.76 lakh crore in 2018-19. This move aligns with the government's fiscal plans and showcases RBI's solid economic confidence. Time to pop some fiscal champagne! 🥂💰

STOCK MARKET
FIIs Flee India for Chinese Charm: ₹22,858 Crore Gone in 6 Days!

One Liner: Foreign Institutional Investors (FIIs) are dumping Indian stocks like hot potatoes, offloading a whopping ₹22,858 crore in just six sessions, all thanks to election jitters, high US bond yields, and the allure of cheaper Chinese markets 📉🤑.

FIIs have been selling off Indian equities at a rate of ₹1,800 crore per day since the Lok Sabha elections kicked off. The primary culprits? Soaring US bond yields made American investments more attractive, and the Indian VIX index spiked due to election uncertainty, leading investors to take profits. Meanwhile, cheaper and better-performing Chinese markets are stealing the show. The US Fed's hawkish stance adds to the pressure, keeping global investors cautious. 🏃‍♂️💸

START-UP
Byju's Director Misleads on Missing $553M

One Liner: US court accuses Byju’s director Riju Ravindran of failing to locate $553 million, thereby deceiving the court, facing potential fines

During a hearing in Delaware, Judge Dorsey accused Ravindran of making no effort to find the missing $553 million. Ravindran and his family, the only directors of Byju's parent company, face potential fines. The judge ordered the arrest of a hedge fund manager, but he could not issue one for Ravindran, who resides in Dubai, due to the absence of a US-UAE extradition treaty. These funds are central to a conflict between Byju’s and its lenders, owed over $1.2 billion.

WORLD

In a fitting response to plummeting sales and burgeoning competition, Tesla cut prices in prominent markets, including China and Germany. The refurbished Model 3 witnessed a 14,000 yuan decline in China, while the Model 3 rear-wheel-drive's price saw a significant drop to 40,990 euros in Germany. Similar slashings in prices were visible across the Middle East, Africa, and Europe, further fueling the battle in the EV segment.

Nikesh Arora, the CEO of Palo Alto Networks, has topped the charts, earning the second-highest compensation of $1.43 million, trailing only Broadcom’s CEO Hock Tan, as per Wall Street data. This CEO, apparently of Indian origin and belonging to the IIT-BHU alumnus cohort, surpasses Google's Sundar Pichai's $0.8 million and Meta's Mark Zuckerberg's $0.40 million earnings.

Indians smashed records with an elaborate spending of $31.7 billion overseas in line with the Liberalised Remittance Scheme in FY24. This year saw a 17% rise from the foregone year's $27.1 billion, even amidst freshly brewed tax collection orders. The hallmark year also witnessed a staggering 24.5% hike in travel expenditures.

Watch: Simple habits that can optimize your gut and brain bacteria

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Let’s Gooooo: Comedy Night at Brigade Road

 Did You Know??

0.5% of dudes out there are rocking the Genghis Khan genetic vibe? 🤴 That's right, about 16 million fellas proudly carry a Y chromosome from the legendary Emperor himself! Talk about leaving a lasting legacy, huh? 💪